by Calculated Risk on 10/12/2021 08:00:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Bonds Improve After Treasury Auction; Why MBS Are Lagging

Bonds began the day weaker, but improved steadily after the 10yr Treasury auction. MBS underperformed--partly because the Treasury auction brings more direct benefit for Treasuries, but for a few other reasons as well. [30 year fixed 3.20%]
emphasis added

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, The Consumer Price Index for September from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI.

• At 2:00 PM, FOMC Minutes, Meeting of September 21-22, 2021